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Nonprofiteer
← WATERFRONT PARTNERSHIP OF BALTIMORE INC

Form 990 for tax year 2022

Filed by WATERFRONT PARTNERSHIP OF BALTIMORE INC.

Totals

Total revenue
$9,075,309
Total expenses
$6,559,986
Contributions and grants received
$8,272,392
Grants paid
$27,550
Program service revenue
$725,372
Investment income
$77,545
Other revenue
$0
Total assets, end of year
$7,713,407
Total liabilities, end of year
$628,384
Net assets or fund balances, end of year
$7,085,023
Program services expenses (Part IX)
$6,200,191
Management and general expenses
$314,033
Fundraising expenses
$45,762
Program service expenses (Part III)
$6,200,191

Program services were 94.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $3,105,174

  • 1f · All other contributions, gifts and grants

    $5,167,218

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Essential Services

    total $531,096 · related or exempt $531,096 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Federal Hill Park

    total $78,205 · related or exempt $78,205 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Events

    total $36,925 · related or exempt $36,925 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Landscaping

    total $15,080 · related or exempt $15,080 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: Ticket Sales

    total $53,183 · related or exempt $53,183 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $10,883 · related or exempt $10,883 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $77,545 · related or exempt $77,545 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $27,550 · program services $27,550

  • 2 · Grants to domestic individuals

    total $0 · program services $0

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $764,171 · program services $622,350 · management and general $141,821 · fundraising $0

  • 8 · Pension plan contributions

    total $21,053 · program services $12,331 · management and general $8,722 · fundraising $0

  • 9 · Other employee benefits

    total $38,180 · program services $30,931 · management and general $7,249

  • 10 · Payroll taxes

    total $54,510 · program services $40,905 · management and general $13,605 · fundraising $0

  • 11a · Fees: management

    total $333,836 · program services $216,088 · management and general $71,986 · fundraising $45,762

  • 11b · Fees: legal

    total $1,732 · program services $774 · management and general $958 · fundraising $0

  • 11c · Fees: accounting

    total $27,978 · program services $13,731 · management and general $14,247 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $151 · program services $151

  • 11g · Fees: other

    total $4,525,538 · program services $4,502,494 · management and general $23,044 · fundraising $0

  • 12 · Advertising and promotion

    total $63,350 · program services $63,350 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $52,699 · program services $48,347 · management and general $4,352 · fundraising $0

  • 14 · Information technology

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $113,308 · program services $108,939 · management and general $4,369 · fundraising $0

  • 17 · Travel

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $12,070 · program services $6,434 · management and general $5,636 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $225,695 · program services $225,695 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $50,348 · program services $33,330 · management and general $17,018

  • 24a · Other expenses: Program supplies maintenance supplies and fuel

    total $151,141 · program services $151,141 · management and general $0 · fundraising $0

  • 24b · Other expenses: Furniture equipment and maintenance

    total $91,513 · program services $91,513 · management and general $0 · fundraising $0

  • 24c · Other expenses: Permit fees

    total $5,055 · program services $4,137 · management and general $918 · fundraising $0

  • 24d · Other expenses: Miscellaneous expense

    total $108 · program services $0 · management and general $108 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,278,170 · end of year $5,054,935

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $351,576 · end of year $590,104

  • 4 · Accounts receivable

    beginning of year $970 · end of year $966

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,955 · end of year $35,032

  • 10a · Land, buildings and equipment: cost or other basis

    $2,540,347

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,624,379

  • 10c · Land, buildings and equipment, net

    beginning of year $1,141,662 · end of year $915,968

  • 11 · Investments: publicly traded securities

    beginning of year $1,089,701 · end of year $1,116,403

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    end of year -$1

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,058,850 · end of year $307,634

  • 19 · Deferred revenue

    beginning of year $282,699 · end of year $310,750

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $10,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,707,628 · end of year $2,438,150

  • 28 · Net assets with donor restrictions

    beginning of year $1,852,857 · end of year $4,646,873

Listed in Part VII

  • Amber Chavis

    Executive Vice President and Director of Finance

    Total calculated
    $124,615
    From this org
    $124,615
    From related orgs
    $0
    Other
    $0
    Hours/week
    39 + 1 related

  • Adam Lindquist

    Vice President of Healthy Harbor Initiative

    Total calculated
    $119,999
    From this org
    $119,999
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Marco Greenberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Quinn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carmera Thomas-Wilhite

    Director

    Total calculated
    $0
    Hours/week
    1

  • Frank Lance

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ira Weinstein

    Treasurer

    Total calculated
    $0
    Hours/week
    2 + 1 related

  • James Bond

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Pollak

    Secretary

    Total calculated
    $0
    Hours/week
    2

  • Mark Potter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Beatty

    Director

    Total calculated
    $0
    Hours/week
    1

  • Rachel Duncan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sarah Harrison

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim ODonald

    Chairman

    Total calculated
    $0
    Hours/week
    2

  • Tracee Strum Gilliam

    Director

    Total calculated
    $0
    Hours/week
    1

  • Zed Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Terry Donahue

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kathleen Barron

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Conway

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Costello

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Driban

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tony Hawkins

    Direcctor

    Total calculated
    $0
    Hours/week
    1

  • Dan Henson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Maggie McIntosh

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nicole Nesbitt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jacia Smith

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michelle Swanenberg

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dan Taylor

    Director

    Total calculated
    $0
    Hours/week
    1

  • Justin Williams

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • WPB-Ice Rink LLC

    Seasonal ice skating rink · MD · income $127,500 · assets $54,213

    Directly controlled by Waterfront Partnership of Baltimore Inc

  • Baltimore Trash Wheels LLC

    Trash wheels · MD · income $0 · assets $0

    Directly controlled by Waterfront Partnership of Baltimore Inc

  • Friends of Rash Field Park LLC

    Rash Field public park · MD · income $187,000 · assets -$740,371

    Directly controlled by Waterfront Partnership of Baltimore

  • Rash Field Development LLC

    Development of Rash Field · MD · income $3,507,714 · assets $3,066,006

    Directly controlled by Waterfront Partnership of Baltmore Inc

Provenance

Return type
form_990
Tax year
2022
Filed
4 May 2024
IRS schema version
2022v5.0
Source object
202421249349302212

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